The evolving landscape of cyber risks continues to challenge the U.S. property and casualty (P&C) insurance market as businesses deepen their reliance on digital technologies. Facing more sophisticated and widespread threats, both insurers and their clients must adopt adaptive measures to address
The insurance industry is on the brink of a significant transformation driven by two groundbreaking technologies: Generative AI and the Internet of Things (IoT). Experts predict that these technologies will reshape various aspects of the industry, from underwriting and claims processing to customer
The earthquake insurance market is gaining significant ground globally, driven by technological advancements and stringent governmental regulations. This burgeoning industry, expected to see an increase in market size from $8.02 billion in 2024 to $10.94 billion by 2029, is experiencing dynamic
The blockchain in insurance market is experiencing rapid growth, projected to escalate from $1.94 billion in 2024 to $3.11 billion in 2025, with a remarkable compound annual growth rate (CAGR) of 60.1%. This explosive increase is attributed to several key factors including enhanced fraud
Nirvana Insurance is revolutionizing the commercial fleet insurance industry by leveraging the power of artificial intelligence (AI) and the Internet of Things (IoT). This telematics-based insurance company recently secured a substantial $80 million in a Series C funding round, bringing its
The insurtech industry is at the forefront of revolutionizing the traditional insurance landscape by integrating advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). This transformation is driven by the need for innovative, convenient,
